Professional
Added to YB: 2024-12-06
Pitch date: 2024-12-04
PLUG [bearish]
Plug Power Inc.
-28.1%
current return
Author Info
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Company Info
Plug Power Inc. designs, develops, and sells hydrogen products and solutions in Europe, Australia, North America, and internationally.
Market Cap
$3.2B
Pitch Price
$2.10
Price Target
N/A
Dividend
N/A
EV/EBITDA
-5.96
P/E
-1.64
EV/Sales
5.48
Sector
Electrical Equipment
Category
N/A
Plug Power (PLUG): Delays, Discrepancies, and Potential Bankruptcy Risks Ahead
PLUG short: DOE loan at risk due to understated water needs (1.7M gal/day vs 74,300 claimed) & bankruptcy risk. Expansion plans threatened, production far below targets (25t/day vs 500t/day goal). Multiple projects delayed/cancelled. Accounting issues in Part II. Republican scrutiny on DOE conflicts & losses.
Read full article (3 min)